The three consequences of not applying for funding for your studies are:
Inadequate money to pay for your education.
Lack of focus in your be studies.
Inability to buy necessary educational resources.
Consequences of not applying for funding for your studies
Inadequate money to pay for your education: If you don't apply for finding, a student might find it difficult to pay for his fees.
Lack of focus in your be study: A student who is experiencing difficulty in paying fees will have a divided attention and won't focus on studies.
Inability to buy necessary educational resources: The student will find it difficult to but the necessary learning resources that will aid their studies.